Teacher Retirement System of Texas Increases Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Teacher Retirement System of Texas raised its stake in Grab Holdings Limited (NASDAQ:GRAB) by 85.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,042,121 shares of the company’s stock after acquiring an additional 481,363 shares during the period. Teacher Retirement System of Texas’ holdings in Grab were worth $4,919,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Twin Tree Management LP purchased a new stake in Grab during the 4th quarter valued at about $25,000. Global Retirement Partners LLC bought a new position in shares of Grab in the fourth quarter worth approximately $30,000. Campbell Capital Management Inc. bought a new stake in shares of Grab during the fourth quarter valued at approximately $30,000. SeaBridge Investment Advisors LLC purchased a new position in Grab in the 4th quarter worth approximately $48,000. Finally, New York Life Investment Management LLC bought a new position in Grab in the 4th quarter valued at approximately $48,000. 55.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GRAB has been the subject of several recent analyst reports. Barclays boosted their price target on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Citigroup restated a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Benchmark restated a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Finally, HSBC raised shares of Grab from a “hold” rating to a “buy” rating and cut their target price for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.62.

Grab Stock Performance

Shares of GRAB opened at $4.64 on Monday. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The stock has a market cap of $18.69 billion, a price-to-earnings ratio of -232.00, a PEG ratio of 2.26 and a beta of 0.88. The business has a 50-day simple moving average of $4.66 and a two-hundred day simple moving average of $4.48.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. On average, analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.